In the second quarter of 2021 Target earned $1.82 billion in profit.  In the second quarter this year, target earned $183 million. That’s the result of inflation hitting the middle-class consumer.

Few people are buying electronics, home goods, durables or clothing.  Any retailer that specializes in the sale of non-essential items is going to feel the financial results of working-class families reprioritizing their spending.  Checkbook economics is the economics that matters.

Hopefully, CTH readers are well prepared for this phase of the Joe Biden economy. It will almost certainly get worse.

(Daily Mail) – Target reported on Wednesday that its profits plunged nearly 90 percent last quarter after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics.

In early June, Target warned that it was canceling orders from suppliers and aggressively cutting prices because of a pronounced spending shift by Americans as inflation cuts into spending on non-essential items.

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Former Vice President Mike Pence delivered an establishment republican party speech at Saint Anselm College in Manchester, NH, today.  During his prepared remarks, Pence denounced the effort of some people in the republican party who call for defunding the FBI.

According to Pence he was, “deeply troubled” by the behavior of the justice department and the FBI during their raid on President Trump’s residence at Mar-a-Lago. Pence continued by saying the FBI “rank and file” should not be attacked or disparaged for the political agenda exhibited by the organization they represent.  It’s a weird statement when you think about it in context.

The FBI as an institution doesn’t do anything; it is the men and women within the institution that take actions based on corrupt political intent.  The only way to address the behavior of the FBI is to do exactly the opposite of what Pence is saying.  Institutions are made up of people. The rank and file within that corrupt system are the people carrying out the corrupt endeavors.  The audio is a little poor, but here is the segment, WATCH:

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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LIZ CHENEY CRUSHED!

The Great MAGA King said once before, “out, get her out,… and keep her coat.”

The sanctimonious pontificating pustule of political pomposity has been lanced.  Liz Cheney is cast out of congress by the voters of Wyoming.   Always keep reminding the Cheney folks that it was the voters of Wyoming who threw her out (they hate that), and it wasn’t even close.  Liz Cheney was rebuked.

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Tonight, is one of those primary nights we have all been waiting for.  The moment Wyoming voters have the opportunity to dispatch Representative Liz Cheney into the ash heap of republican politics.   President Trump has endorsed Harriet Hageman to defeat and remove the horrible Cheney.

There’s also the ranked primary in Alaska, where we will watch to see if Senator Lisa Murkowski can be defeated, at least in position, by Trump-endorsed primary challenger Kelly Tshibaka.  We also want to see if Sarah Palin can win the Alaska special election to fill the congressional seat previously held by Don Young.

New York Times – Election Results Here

CNN Election Results Here

Decision Desk HQ – Election Results Here

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President Trump calls for the release of the search warrant affidavit used against him in fully unredacted form.  Additionally, President Trump suggests the judge in the case should recuse himself based on prior conflicts.   [Truth Social Link]

[LINK]

From what I can ascertain, the court hearing will be on Thursday.

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…. We can see you.

~ BACKGROUND HERE ~

Economic nationalism is the unifying theme of MAGA.

Economic nationalism is what creates the largest populist tent in the history of republican politics.

Blacks, whites, Latinos, Asians, gay, straight, all genders, all colors, all creeds, all races, all united…. because the “working-class” is the unifying element.

MAGA is the voice of the working class.

The working class is what keeps all the shit working. We are the binding within the patchwork quilt of our constitutional republic.

The working class that had been beaten, put down, isolated, disconnected from policy, ridiculed for not having pedigree, all of it, became United in MAGA.

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Reading all the professional political chatter from both wings of the uniparty bird about the DOJ position on the Trump raid in Mar-a-Lago, something sticks out to me that readers here will relate to, but others, likely not so much.   Consider this written to all the reasonable and intellectually honest people.

You see, there is an actual mechanism that is being ignored by members within the professional DC silos and the DC ‘outrage’ stenographers.  I was reminded of it when reading the professional obfuscation in the Wall Street Journal as they outlined how Merrick Garland “weighed the raid on Mar-a-Lago for several weeks” prior to August 8.

Technically there is a mechanism for executive branch conflict resolution that involves actual transparency, not the political talking points of the illusion of transparency.  However, when the Fourth Branch of Government was created, the conflict resolution measure that provides oversight and escape from accusations of unequal application of law was dispatched.  It was dispatched because, well, the unequal application of the law was the intent.

What I am talking about is the legislative branch oversight mechanism known as the Gang-of-Eight.   Whenever the executive branch runs into a conflict that involves sensitivity within an issue they define as “national security,” the executive branch is supposed to use the tool of the legislative branch to extricate themselves from the conflict.

Quite simply the DOJ/FBI could have briefed the Go8 on the nature of the sensitive ‘national security’ issue, and this bipartisan briefing to both democrats and republicans removes Main Justice from the appearance of political impropriety.  If, later on, the nature of their investigation is ever questioned, Main Justice (the representatives of the executive branch) have the shield of telling the American public that congress was notified.

That is essentially the intent of the Gang of Eight construct.  Leaders and key officials within both parties are informed of ongoing investigative activity that involves the national security of the United States.  That’s the mechanism for the DOJ and FBI to avoid the appearance of political targeting.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

(more…)